News Russian buyers are provoked rise in house prices in London.
The Russians have been actively buying luxury housing in London, trying to rescue their savings. Thus, Russian buyers have increased the number of transactions in the London luxury market in April-May 2009, and provoked a rise in British luxury real estate. This was reported by RIA Novosti news agency, referring to the research consultancy Knight Frank.
According to the EXPERT, in April, prices for luxury housing in London increased by 0.4 percent. May was the most active month for the luxury segment: the number of transactions in this market has grown by more than one-third the price of luxury apartments and townhouses rose 1.8 percent.Aanalitiki note that the Russians are interested in how housing price in the range of 1-3 million pounds, and housing in the upper price segment (at least 10 million pounds). However, the majority of transactions taking place in the middle price segment - the buyers are looking for an apartment with two bedrooms or small family houses. "Typically, they pay special attention to the quality of real estate, choosing the best on the market - housing the prestigious streets, rather than on the first floor and so on" - the study says.
Earlier this year, Forbes magazine published a ranking of 10 cities, real estate, which is the most attractive for investment. The rankings were used statistics of the Association of Foreign Investors in Real Estate (Association of Foreign Investors in Real Estate). London won a ranking of the most attractive markets for second place (first and third place was taken by the major U.S. cities - Washington and New York).
According to the newspaper, real estate in London remains attractive to investors, despite the prolonged fall in prices. Experts point out that in London there are practically no land for new construction, which in turn led to increased property values in the future. {linkr: bookmarks; size: small; text: nn; separator: +; badges: * }
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